Global Communities fosters renewable energy investments in Iraq
Praxis supports innovative finance solutions for entrepreneurs and innovators

Through a robust approach that strives to build strong relationships with the communities they invest in, Global Communities engages them throughout the development process in a bid to build a sense of ownership and control over the investments.
Global Communities created a commercial holding company called the Vitas Group to provide responsible financing to micro, small and medium enterprises (MSME) to populations not sufficiently served by formal financial markets. In over two decades of successful lending, Vitas companies have disbursed billions of dollars to millions of customers with an annual default rate below 2%.
Impact story: How financial innovation is fostering renewable energy in Iraq
The Praxis commitment
Praxis Investment Management supports organizations through investments in Calvert Impact, an impact-investing institution that helps people around the world through community development financing. It’s part of the Praxis commitment to place approximately 1% of each of its funds to benefit neighborhoods and individuals through community investments.